Student housing startup Your-Space opens 7 new co-living facilities

Your-Space announced the opening of 7 new co-living facilities across Delhi-NCR, Mumbai, Chandigarh, Jalandhar and Pune.

The startup now host 1200 beds across six operational cities with an average occupancy of 80-85 percent.

Launched in 2016, Your-Space has so far raised $1 million fund from angel investor and HNIs. The company, co-founded by Shubha Lal, Karan Kaushish and Nidhi Kumra, has now 11 facilities with around 1,200 beds.

Depending on the city and location, the student housing startup charges anywhere between ₹12,000 – ₹25,000 per bed per month. Your-Space partners with property owners and developers on a fixed lease, revenue-sharing, or management contract basis, for a period of 5-12 years. It remodels and redesigns the properties according to students’ needs, factoring in services such as food, WiFi, laundry, security, etc. It also includes facilities like gyms, independent kitchens, food delivery and even shuttle-services to colleges.

“We always open new properties at the beginning of academic session. We are in talks with property owners across various cities including Jaipur, Bangaluru, Indore and Kota to open more facilities next year,” she said.

On further fund raising, Lal said the company would require funds next year for further expansion. Your-Space partners property owners and developers on a fixed lease, revenue-sharing, or management contract basis, for a period of 5-12 years.